Real Madrid sign Costa Rica, Levante stopper Keylor Navas on six-year deal
AUG 03, 2014 2:31p ET
European champions Real Madrid have signed Costa Rica's World Cup hero Keylor Navas on a six-year deal.
A statement published on Real's official website on Sunday evening read: "Real Madrid CF and Levante UD have reached an agreement over the transfer of Keylor Navas, who will be tied to the club for the next six seasons.
"The player will be presented on Tuesday, August 5, at 1 p.m. (local time) in the Bernabeu's royal box, after undergoing the relevant medical examinations.
"Subsequently, Navas will tread the turf of the Bernabeu for the first time and will address the media in the press room."
The deal, which is reported to have required Real pay 10 million euros (£7.9 million, $13.3 million) to Levante to activate the keeper's release clause, could have ramifications for Madrid stopper Diego Lopez.
Lopez was Madrid's first-choice keeper in Primera Division matches last season but club captain Iker Casillas started every game in the Copa del Rey and throughout Real's successful Champions League campaign.
However, the signing of 27-year-old Navas, whose outstanding performances in Brazil helped his nation top Group D and reach the last-eight for the first time, certainly means serious competition for Casillas.